Ricardo was surely right: the abundance of "easy" rents leads to greedy and lazy elites. Rentier-capitalism as an exercise in "non-creative" destruction. A tribute to Geoff Harcourt
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More about this item
Keywords
David Ricardo; Geoff Harcourt; Paul Krugman; inequality; productivity-growth; easy rents; rentiers' paradise; rentierisation; financialisation; reverse-catching-up; neo-liberalism; middle-income trap; US; Western Europe; Latin America;All these keywords.
JEL classification:
- B00 - Schools of Economic Thought and Methodology - - General - - - History of Economic Thought, Methodology, and Heterodox Approaches
- E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
- G01 - Financial Economics - - General - - - Financial Crises
- N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative
- O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
- O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
- Q02 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Commodity Market
NEP fields
This paper has been announced in the following NEP Reports:- NEP-FDG-2023-04-24 (Financial Development and Growth)
- NEP-HIS-2023-04-24 (Business, Economic and Financial History)
- NEP-HME-2023-04-24 (Heterodox Microeconomics)
- NEP-PKE-2023-04-24 (Post Keynesian Economics)
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